Legal Wins for NOC, but €24m Battle Continues

Legal wins for NOC, but €24m battle continues

Libya’s National Oil Corporation (NOC) has secured a major legal victory after successfully overturning three international lawsuits filed by Swiss firms seeking to freeze its assets and shares, with claims amounting to €35 million. In a statement issued on Wednesday, the state-owned oil firm confirmed that the Paris Court of Appeal had ruled in its […] The post Legal wins for NOC, but €24m battle continues appeared first on Libyan Express.

Paris Court Clears Libya’s NOC of Swiss Legal Claims

Libya’s National Oil Corporation (NOC) has announced a major legal victory after the Paris Court of Appeal ruled in its favour, dismissing three lawsuits filed by Swiss companies seeking to seize its assets worth €35 million. The ruling, issued on 13 March 2025, nullified all precautionary seizures placed on NOC accounts and properties in France. In a statement released on Wednesday, NOC confirmed that the dispute involved Sysmed Travel, Jalloul…